Market Rebound Amid Tariff Relief

Wall Street experienced a significant rebound at Monday's opening, fueled by reports suggesting the upcoming U.S. tariffs might have a milder impact than anticipated. The tariffs, set for April 2, are expected to be reciprocal and not target specific industries, offering relief to foreign manufacturers.

Stock Highlights

The Dow Jones Industrial Average climbed 0.77%, or 330 points, with Amazon leading the charge with a 2.20% increase. The Nasdaq 100 surged 1.44%, propelled by Applovin Corp.'s impressive 5.44% jump. Meanwhile, the S&P 500 rose by 1.07% by 9:31 am ET, with Tesla Inc. making headlines with a 5.39% rally.

Currency Update

In currency markets, the euro remained stable against the dollar, trading at 1.08237 at 9:33 am ET.